The Enterprise and Economic Development Glossary

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real estate asset manager

... a person within an enterprise in charge of matters concerning site selection as well as development, maintenance, and disposition of real property. A manager with such responsibilities is typically involved in enterprise development.

The acronym CREAM or initials C.R.E.A.M. are sometimes used to refer to Corporate Real Estate Asset Management or Commercial Real Estate Assets Management (see commercial and industrial real estate). Ingentaconnect.com has an abstract published online from Facilities, a journal. Its title:: The role of real estate assets in supporting the fulfillment of corporate business plans: key organizational variables for an integrated resource management framework. To view the abstract, CLICK HERE)

Various associations focus on enterprise management as it relates specifically to real estate assets, for example, the Industrial Asset Management Council which states at its website:

(IAMC) ... is the leading association of industrial asset management and corporate real estate executives, their suppliers and service providers, and economic developers.

corporate real estate executive

Notice that the definition of real estate asset manager above shows a quote using the expression, corporate real estate executives. The predecessor organization to IAMC, the International Development Research Council (IDRC), referred to its active members for years as corporate real estate executives although their titles covered a wider range of responsibility levels for real estate assets and, especially, focused on their involvement in site location work (Site Selection Magazine ... official publication of both IDRC and IAMC).

The reference sets the precedent for defining corporate real estate executive, a loosely used expression, as anyone having management responsibilities related to property assets for an enterprise that doesn't deal in real estate transactions as its main line of business. Following is an example of the use of the term by Corenet Global:

CoreNet Global's membership base totals 7,000 corporate real estate executives, service providers and economic developers. This professional mix reflects the industry's focus on global alliance partnerships and on integrating the management of corporate assets, the workplace and infrastructure (source of quote)

See www.sitelocationassistance.com (Site Location Assistance.com).

what is a real estate asset menage / what is a corporate real estate executive

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